Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 12 - No. 25)
What is the primary purpose of the statement of cash flows?
To show the financial performance of a company.
To report a company's assets, liabilities, and equity at a point in time.
To track the movement of cash in and out of a company.
To determine the profitability of a company.
Explanation
The statement of cash flows tracks the cash inflows and outflows from a company's operating, investing, and financing activities.
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